Important Notice for Scotiabank ScotiaLine® Personal Line of Credit Accounts and Important Notice for Scotiabank ScotiaLine® Personal Line of Credit Accounts and Important Notice for Scotiabank ScotiaLine® Personal Line of Credit Accounts and ScotiaLine for business Visa Cardholders ScotiaLine for business Visa Cardholders ScotiaLine for business Visa Cardholders Scotiabank is committed to providing a variety of products and services to suit our customers’ needs. As such, we regularly review Scotiabank is committed to providing a variety of products and services to suit our customers’ needs. As such, we regularly review Scotiabank is committed to providing a variety of products and services to suit our customers’ needs. As such, we regularly review our products and adjust our pricing and other terms. our products and adjust our pricing and other terms. our products and adjust our pricing and other terms. This notice highlights changes that will go into effect as of August 1, 2016. Please keep this notice for your reference. This notice highlights changes that will go into effect as of August 1, 2016. Please keep this notice for your reference. This notice highlights changes that will go into effect as of August 1, 2016. Please keep this notice for your reference. Changes to Fees and Other Terms of your Scotiabank ScotiaLine® Personal Line of Credit Changes to Fees and Other Terms of your Scotiabank ScotiaLine® Personal Line of Credit Changes to Fees and Other Terms of your Scotiabank ScotiaLine® Personal Line of Credit Accounts and ScotiaLine for business Visa Card Accounts Accounts and ScotiaLine for business Visa Card Accounts Accounts and ScotiaLine for business Visa Card Accounts Effective as of August 1, 2016, some of our fees and terms will change. Those changes are described below. We are not making Amendments to Disclosure Statements – Effective as of August 1, 2016 Amendments to Disclosure Statements – Effective as of August 1, 2016 Amendments to Disclosure Statements – Effective as of August 1, 2016 9620114 (05/16)
Effective as of August 1, 2016, some of our fees and terms will change. Those changes are described below. We are not making Effective as of August 1, 2016, some of our fees and terms will change. Those changes are described below. We are not making any changes to your annual interest rates. any changes to your annual interest rates. any changes to your annual interest rates. The changes will apply to the Scotiabank accounts listed below: ®
®
The changes will apply to the Scotiabank accounts listed below: The changes will apply to the Scotiabank accounts listed below: ScotiaLine
Personal Line of Credit (including ScotiaLine Personal Line of Credit under a Scotia Total Equity
Plan), Scotia RSP
® ®
® ®
ScotiaLine
ScotiaLine
Personal
Personal
Line
Line
of
of
Credit
Credit
(including
(including
ScotiaLine
Personal
Personal
Line
Line
of
of
Credit
Credit
under
under
a
Scotia
a
Scotia
Total
Total
Equity
Equity
Plan),
Plan),
Scotia
Scotia
RSP
RSP
®
® ScotiaLine
Catch-UP
Line
of
Credit
and
ScotiaLine
for
business
Visa* card.
® ®
® ®
Catch-UP
Catch-UP
Line
Line
of
of
Credit
Credit
and
and
ScotiaLine
ScotiaLine
for
for
business
business
Visa* Visa* card.
card.
Electronic Documents – Change to How Long Notices are Available Online: If you receive your statements and other notices Electronic Documents – Change to How Long Notices are Available Online: If you receive your statements and other notices Electronic Documents – Change to How Long Notices are Available Online: If you receive your statements and other notices about your account electronically, the length of time this notice (and any future notices we post online about your account) will about your account electronically, the length of time this notice (and any future notices we post online about your account) will about your account electronically, the length of time this notice (and any future notices we post online about your account) will remain available for review is changing from 1 year to 90 days. If you would like to keep any notice posted online (including this remain available for review is changing from 1 year to 90 days. If you would like to keep any notice posted online (including this remain available for review is changing from 1 year to 90 days. If you would like to keep any notice posted online (including this notice) beyond this 90 day period, remember to save an electronic version of it within 90 days of receiving it. notice) beyond this 90 day period, remember to save an electronic version of it within 90 days of receiving it. notice) beyond this 90 day period, remember to save an electronic version of it within 90 days of receiving it. 10055538
Fees are charged on the day the transaction occurs (unless otherwise indicated). Fees are charged on the day the transaction occurs (unless otherwise indicated). Fees are charged on the day the transaction occurs (unless otherwise indicated). Description of Fee Changes (certain changes underlined for emphasis only) Description of Fee Description of Fee Changes (certain changes underlined for emphasis only) Changes (certain changes underlined for emphasis only) Cash advance fees for each cash advance made with an access card will Cash Advance Fees – Changing & New Cash advance fees for each cash advance made with an access card will Cash advance fees for each cash advance made with an access card will Cash Advance Fees – Changing & New Cash Advance Fees – Changing & New change as follows: change as follows: change as follows: Changing with increases to cash advance fees • processed by any non-­‐Scotiabank financial institution in Canada: Changing with increases to cash advance fees Changing with increases to cash advance fees • • processed by any non-­‐Scotiabank financial institution in Canada: processed by any non-­‐Scotiabank financial institution in Canada: from $2.50 to $3.50 $2.50 to $3.50
$2.50 to $3.50
from
from
• obtained at any non-­‐Scotiabank ABM in Canada displaying the New fee for cash advances at Global ATM Alliance •
•
obtained at any non-­‐Scotiabank ABM in Canada displaying the obtained at any non-­‐Scotiabank ABM in Canada displaying the New fee for cash advances at Global ATM Alliance New fee for cash advances at Global ATM Alliance Interac symbol: from $2.50 to $3.50 Banks outside of Canada $2.50 to $3.50
$2.50 to $3.50
Interac symbol: from
Interac symbol: from
Banks outside of Canada Banks outside of Canada • processed by any financial institution outside of Canada: from • • processed by any financial institution outside of Canada: from
processed by any financial institution outside of Canada: from
$5.00 to $7.50 $5.00 to $7.50 $5.00 to $7.50 • obtained at any ABM outside of Canada: from $5.00 to $7.50 • • obtained at any ABM outside of Canada: from
obtained at any ABM outside of Canada: from
$5.00 to $7.50 $5.00 to $7.50 • obtained at any Global ATM Alliance Bank ABM outside of Canada: • • obtained at any Global ATM Alliance Bank ABM outside of Canada:
obtained at any Global ATM Alliance Bank ABM outside of Canada:
$3.50 $3.50
$3.50
• processed by any financial institution (Branch and ABM) in • • processed by any financial institution (Branch and ABM) in processed by any financial institution (Branch and ABM) in Canada: from $2.50 to $3.50 (applicable for ScotiaLine for Canada: from
Canada: from
$2.50 to $3.50 $2.50 to $3.50 (applicable for ScotiaLine for (applicable for ScotiaLine for business Visa only) business Visa only)
business Visa only)
Dishonoured Payment Fee – Changing Fee will increase from $42.50 to $48.00 and is charged for each Dishonoured Payment Fee – Changing Dishonoured Payment Fee – Changing Fee will increase from
Fee will increase from
$42.50 to $48.00
$42.50 to $48.00
and is charged for each and is charged for each payment dishonoured by your financial institution on the date the payment payment dishonoured by your financial institution on the date the payment payment dishonoured by your financial institution on the date the payment is returned/dishonoured. is returned/dishonoured.
is returned/dishonoured.
Dishonoured Scotia Cheque Fee – Changing Fee will increase from $42.50 to $48.00 and is charged on the date the Dishonoured Scotia Cheque Fee – Changing Dishonoured Scotia Cheque Fee – Changing Fee will increase from
Fee will increase from
$42.50 to $48.00
$42.50 to $48.00
and is charged on the date the and is charged on the date the cheque is returned for each cheque returned due to insufficient credit cheque is returned for each cheque returned due to insufficient credit cheque is returned for each cheque returned due to insufficient credit available in your account. available in your account.
available in your account.
Overlimit Fee -­‐ Changing Fee will increase from $25.00 to $29.00 and is charged on the day your Overlimit Fee -­‐ Changing Overlimit Fee -­‐ Changing Fee will increase from
Fee will increase from
$25.00 to $29.00
$25.00 to $29.00
and is charged on the day your and is charged on the day your balance first exceeds your credit limit and then once per statement period balance first exceeds your credit limit and then once per statement period balance first exceeds your credit limit and then once per statement period (charged on the first day of the statement period) if your account remains (charged on the first day of the statement period) if your account remains (charged on the first day of the statement period) if your account remains overlimit from a previous statement period. overlimit from a previous statement period.
overlimit from a previous statement period.
Amendments to the Revolving Credit Agreement and Personal Credit Agreement Companion Booklet – Effective August 1, 2016 Amendments to the Revolving Credit Agreement and Personal Credit Agreement Companion Booklet – Effective August 1, 2016 Amendments to the Revolving Credit Agreement and Personal Credit Agreement Companion Booklet – Effective August 1, 2016 666141_ScotiaLine_Pricing_Insert.indd 1
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We are also making amendments to the Revolving Credit Agreement (RCA) and the Personal Credit Agreement Companion Booklet We are also making amendments to the Revolving Credit Agreement (RCA) and the Personal Credit Agreement Companion Booklet for for (PCA Booklet) that governs your account. Note: The PCA Booklet (and the changes below) does not apply to the ScotiaLine®
(PCA Booklet) that governs your account. Note: The PCA Booklet (and the changes below) does not apply to the ScotiaLine®
business Visa* card. See the Key Term changes below. business Visa* card. See the Key Term changes below. Key term Key term Changes (certain changes underlined for emphasis only) Changes (certain changes underlined for emphasis only) RCA RCA To allow either a primary borrower or a co-­‐borrower to request or cancel a supplementary To allow either a primary borrower or a co-­‐borrower to request or cancel a supplementary access card (now also called an “authorized user card”) we are changing all references in the access card (now also called an “authorized user card”) we are changing all references in the RCA and the PCA Booklet to supplementary card to include an “authorized user card” and RCA and the PCA Booklet to supplementary card to include an “authorized user card” and changing the Section “Your Rights and Obligations” under the sub-­‐heading “Using the credit changing the Section “Your Rights and Obligations” under the sub-­‐heading “Using the credit account” in the RCA and “Use of the Credit Card/Line of Credit” in the PCA Booklet by account” in the RCA and “Use of the Credit Card/Line of Credit” in the PCA Booklet by deleting the second sentence that says: deleting the second sentence that says: Supplementary Credit Cards, Supplementary Credit Cards, “Your Rights and Obligations” “Your Rights and Obligations” -­‐ and – -­‐ and – When you request Scotiabank to issue a supplementary credit card or ScotiaLine access When you request Scotiabank to issue a supplementary credit card or ScotiaLine access card, we will also issue renewal and replacement cards for such supplementary credit card, we will also issue renewal and replacement cards for such supplementary credit card or ScotiaLine access card, unless the card is cancelled by you or Scotiabank. card or ScotiaLine access card, unless the card is cancelled by you or Scotiabank. PCA Booklet, Credit Accounts, PCA Booklet, Credit Accounts, “Your Rights and Obligations” “Your Rights and Obligations” -­‐Updated
-­‐Updated
And replacing it with the following: And replacing it with the following: When either a primary borrower or a co-­‐borrower request Scotiabank to issue a When either a primary borrower or a co-­‐borrower request Scotiabank to issue a supplementary card (also known as an authorized user card) or a ScotiaLine access card, supplementary card (also known as an authorized user card) or a ScotiaLine access card, we will also issue renewal and replacement cards for such card unless one of you or we will also issue renewal and replacement cards for such card unless one of you or Scotiabank cancels the card.
Scotiabank cancels the card.
PCA Booklet, Credit Accounts PCA Booklet, Credit Accounts “Your Rights and Obligations” “Your Rights and Obligations” Deleted and Replaced Deleted and Replaced The content of the Section called “Service Fees for your Line of Credit” in your PCA Booklet is The content of the Section called “Service Fees for your Line of Credit” in your PCA Booklet is deleted in its entirety and replaced with the following: deleted in its entirety and replaced with the following: “You agree to pay the fees set out in your Disclosure Statement for your Line of Credit, as “You agree to pay the fees set out in your Disclosure Statement for your Line of Credit, as amended from time to time. Fees are treated as advances and will be added to your account amended from time to time. Fees are treated as advances and will be added to your account and are subject to your account’s prevailing interest rate(s)“
and are subject to your account’s prevailing interest rate(s)“
All interest rates, fees and other terms are subject to change. The Bank reserves the right to waive any fees or charges in its All interest rates, fees and other terms are subject to change. The Bank reserves the right to waive any fees or charges in its discretion. discretion. Please visit: Please visit: PCA booklet: PCA booklet: http://www.scotiabank.com/ca/common/pdf/personal_banking/personal_credit_agreement_companion_booklet_lc.pdf for http://www.scotiabank.com/ca/common/pdf/personal_banking/personal_credit_agreement_companion_booklet_lc.pdf for additional details. additional details. RCA: http://www.scotiabank.com/ca/common/pdf/borrowing/en_revolving_credit_agreement.pdf RCA: http://www.scotiabank.com/ca/common/pdf/borrowing/en_revolving_credit_agreement.pdf ® Registered
® Registered
trademarks
trademarks
of The
of The
Bank
Bank
of Nova
of Nova
Scotia.
Scotia.
* Visa
* Visa
Int./Int./
Lic.Lic.
User.
User.
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